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, p3 h: S. i. i. PEDMONTON JOURNAL MAY 8, 2013$ m0 ]6 ~) S T3 B& \$ E$ V
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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) m: t5 n7 U- Z2 N( hEDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.+ B9 ]+ g; p5 P
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Builders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.$ O3 P0 A# t2 P% ^) _
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Housing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.. F5 W5 p; e6 f; [# }1 o3 \
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“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”
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In Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year.
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* C$ B U7 \) m5 F' rThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.- T- ~8 p% j* A, Z! |, I$ x( G0 d
- x+ @7 g7 p# ^, \. BAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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Consumers remain confident despite a moderating pace of economic growth, he said.& e2 h- R5 J, x1 n2 U
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“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said.
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